indebted countries

Emergency grants should be available to impoverished countries in response to disasters like Idai, especially those linked to the climate breakdown primarily caused by richer countries in the global North, says Jubilee Debt Campaign.

Impoverished country governments could be up to $61 billion worse off in 2016 as a result of the crash in global commodity prices and strengthening of the US dollar. This is reducing government revenue and increasing the relative size of debt payments in foreign currencies.